Electronic Wet Chemicals Market Manufactures and Key Statistics Analysis 2027
Electronic Wet Chemicals Market: Overview
- Electronic wet chemicals play an important role in the manufacture and processing of semiconductors. These chemicals are extensively used in various applications such as flat panel displays, photovoltaic cells, LED fabrication, and semiconductor chips manufacturing.
- A wide variety of electronic wet chemicals is available in the market. These include phosphoric acid electronic grade, hydrogen peroxide electronic grade, and hydrofluoric acid electronic grade electronic wet chemicals.
- Hydrogen peroxide is one of the leading electronic wet chemicals utilized in the semiconductor industry. Ultra-high purity grades of hydrogen peroxide are used in the etching of printed circuit boards in conjunction with sulfuric acid. Hydrogen peroxide is a key chemical used in the production of semiconductor chips. Hydrofluoric acid in combination with ammonium fluoride is used as an isotropic etching agent in wafer cleaning process.
- Electronic wet chemicals are available in three forms: solid, liquid, and gas. Liquid electronic materials for employed to clean and polish the internal parts of electronic devices, while gaseous materials are used in the manufacture of LEDs, solar photovoltaic cells, and flat panel displays.
Key Drivers of Global Electronic Wet Chemicals Market
- Rise in demand for high purity chemicals for etching printed circuit boards as well as silicon wafer production is driving the global electronic wet chemicals market. Rapid expansion in the electronics industry and increase in demand for hydrogen peroxide for the removal of organic as well as metallic impurities during wafer production are boosting the global electronic wet chemicals market.
- Hydrogen peroxide is one of the cost-effective cleaning and etching agents used in combination with other chemicals such as hydrochloric acid and ammonia for the removal of residual organic film during semiconductor processing
Rise in Demand for Electronic Wet Chemicals in Electronics Industry
- Technological innovation in the electronics industry and increase in demand for high purity silicon ingot for wafer production are expected to create lucrative opportunities for manufacturers operating in the electronic wet chemicals market
- Rise in demand for photovoltaic cells, integrated circuits, LED bulbs, and PCBs in electronic gadgets such as smartphones, laptops, computers, and tablets is anticipated to create lucrative opportunities for manufacturers in the near future. Increase in demand for silicon in other end-user industries, including solar photovoltaic cells, is estimated to create immense opportunities for manufacturers during the forecast period.
- Growth in number of regulations on maintaining purity level during wafer production is encouraging manufacturers to adopt high purity electronic wet chemicals in the electronics industry
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Key Players in Global Electronic Wet Chemicals Market
Research and development and capacity expansion are key strategies adopted by top players operating in the global electronic wet chemicals market. For instance, in 2018, Solvay Group announced plans to open a new electronic grade hydrogen peroxide plant in China, with an annual capacity up to 24,000 metric tons. The new facility is likely to supply an essential chemical agent for the production of integrated electronic circuits to the semiconductor industry.
Key players operating in the global electronic wet chemicals market include:
- Solvay Group
- KMG Chemicals
- BASF SE
- Avantor Inc.
- Honeywell International LLC
- KANTO CHEMICAL CO. INC.
- Linde Group
- Mitsubishi Chemical Corporation
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